The real estate activity in the month of March got again positive figures. However, prices experienced a smooth rise of 0,4% annual by standing at an average of 1.353 euros per square meter. As regards the mortgage activity, Loans with this type of guarantee to acquire a home are they increased a 2,3% annual, until reaching a total of 23.147 credits. Its average amount also experienced a slight rebound of 1,7% and reached 134.623 euros.
With these parameters, suave price spike, recoil sales (even if for one merely seasonal matter) and more than double transactions what of mortgages experts argue that these are figures that support the nonexistence of a bubble and certify that, for now, the market improvement occurs in healthy and sustainable terms.
The activity of the real estate market in March registered again positive figures, although these were more moderate. The celebration of Holy Week during that month was decisive when accounting for transactions. The statistics of General Council of Notaries published this Wednesday confirms that in March a total of 50.299 households, a figure representing a decrease in 2,7% about the same month of 2017, when Easter was celebrated in April. It's about the first fall in two years, although it cannot be considered as a turning point when the fundamental reason must be found in the calendar. In fact, if you compare the data seasonally, the sale of homes yields a improvement of 3,1% annual.
However, prices experienced a smooth rise of 0,4% annual by standing in a average of 1.353 euros per square meter. As regards the mortgage activity, the loans with this type of guarantee to acquire a house, they increased a 2,3% annual, until reaching a total of 23.147 credits. its average amount also experienced a slight rebound of 1,7% and reached the 134.623 euros.
Also, Another of the data that is known from the information contained in the scriptures is the percentage of home value that buyers usually mortgage. The average is located in the 75,6%, so the maximum prudence imposed by the Bank of Spain to the financial sector, why shouldn't, in general terms, grant more than 80% of the appraised value of the property.
With these parameters, smooth price spike, decline in sales (even if it is merely a seasonal matter) and more than twice as many transactions as mortgages, experts maintain that these are figures that support the nonexistence of a bubble and certify that, for now, the market improvement occurs in terms sustainable and healthy.
By type of dwelling, the sale of apartments registered a year-on-year decrease in 3,4% (a 1,7% in the seasonally adjusted series) and of free price flats, a 2,7%.
By last, the construction loans showed in March a year-on-year drop in 7,9%, up to add a total of 585 loans. The average amount of them was 557.502 euros, thus collecting a year-on-year improvement in 29%. For his part, the average amount of home construction loans decreased a 3,6%, until the 272.975 euros (466 operations).
[Source: Five days]